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Investment in Humans, Technological Diffusion and Economic Growth
Abstract
The paper is concerned with the relationships between capital structure and technological progress. The process of education is viewed as an act of investment in people, and educated people are seen as bearers of human capital. According to the models presented, the rate of return to education is greater the more technologically progressive is the economy. This suggests that the progressiveness of the technology has implications for the optimal capital structure in the broad sense. It is concluded that society should build more human capital relative to tangible capital the more dynamic is the technology.
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Citations
Cited by
Understanding differences in health behaviors by education
Cutler, D. M., & Lleras-Muney, A. (2010) · Journal of Health Economics · doi:10.1016/j.jhealeco.2009.10.003 · Cited by 1,920
Returns to Investment in Education: A Further Update
Psacharopoulos, G., & Patrinos, H. A. (2002) · World Bank, Washington, DC eBooks · doi:10.1596/1813-9450-2881 · Cited by 1,637
The Skill Content of Recent Technological Change: An Empirical Exploration
Autor, D. H., Levy, F. S., & Murnane, R. J. (2001) · SSRN Electronic Journal · doi:10.2139/ssrn.272691 · Cited by 1,374
Human Capital and Regional Development *
Gennaioli, N., La Porta, R., Lopez-de-Silanes, F., & Shleifer, A. (2013) · The Quarterly Journal of Economics · doi:10.1093/qje/qjs050 · Cited by 1,082
The Relationship Between Education and Adult Mortality in the United States
Lleras-Muney, A. (2002) · doi:10.3386/w8986 · Cited by 929
Metadata
- Authors
- Nelson, R. R., & Phelps, E. S.
- Published
- 1965-01-01
- OpenAlex
- W3121845422
- Cited by
- 1,693
- References
- 0
- FWCI
- 0.00
- Type
- book
- Language
- th
- Open access
- closed
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How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Investment in Humans, Technological Diffusion and Economic Growth. https://app.cochat.ai/papers/10.58837/chula.taic.522
- The paper
- Nelson, R. R., & Phelps, E. S. (1965). Investment in Humans, Technological Diffusion and Economic Growth. https://doi.org/10.58837/chula.taic.522
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
